Canaccord Genuity Increases Taylor Wimpey plc (TW) Price Target to GBX 167
Taylor Wimpey plc (LON:TW) had its price objective raised by analysts at Canaccord Genuity from GBX 140 ($1.83) to GBX 167 ($2.18) in a research report issued on Tuesday. The firm currently has a “buy” rating on the homebuilder’s stock. Canaccord Genuity’s price target would indicate a potential upside of 10.09% from the company’s current price.
A number of other research analysts also recently weighed in on the company. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 276.80 ($3.61) price target on shares of Taylor Wimpey plc in a research note on Tuesday, June 28th. HSBC reissued a “buy” rating and issued a GBX 220 ($2.87) price target on shares of Taylor Wimpey plc in a research note on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 261 ($3.41) price target on shares of Taylor Wimpey plc in a research note on Sunday, June 26th. Jefferies Group reissued a “buy” rating and issued a GBX 203 ($2.65) price target on shares of Taylor Wimpey plc in a research note on Monday, June 27th. Finally, Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 118 ($1.54) price target (down previously from GBX 158 ($2.06)) on shares of Taylor Wimpey plc in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of GBX 195.39 ($2.55).
Taylor Wimpey plc (LON:TW) traded up 1.07% during mid-day trading on Tuesday, reaching GBX 151.70. The company had a trading volume of 14,305,418 shares. The stock’s market cap is GBX 4.94 billion. Taylor Wimpey plc has a 12 month low of GBX 109.44 and a 12 month high of GBX 211.90. The firm’s 50-day moving average price is GBX 156.37 and its 200-day moving average price is GBX 169.75.
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In other news, insider Barker ,Kate bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average cost of GBX 135 ($1.76) per share, for a total transaction of £27,000 ($35,243.44). Also, insider Ford,Margaret Baroness bought 13,800 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The stock was purchased at an average price of GBX 145 ($1.89) per share, with a total value of £20,010 ($26,119.31).
Taylor Wimpey plc Company Profile
Taylor Wimpey plc is a national developer operating at a local level from over 24 regional businesses across the United Kingdom. The Company also has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.
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